This earning season is crazy… Robinhood grew revenue by 59% QoQ and by 115% YoY.
- Q4 Revenues up 115% year-over-year to a record $1.01 billion.
- Q4 Net Deposits grow to a record $16 billion.
- Q4 Gold Subscribers up 86% year-over-year to a record 2.6 million.
- Q4 Net Income up over 10X year-over-year to a record $916 million, or Diluted EPS of a record $1.01.
- Q4 Adjusted EBITDA up over 300% year-over-year to a record $613 million.
“Q4 was a record-breaking quarter that caps off a record-setting year in 2024,” said Jason Warnick, Chief Financial Officer of Robinhood. “For both the quarter and full year, we reached new highs for Assets Under
Custody, Net Deposits, Gold Subscribers, Revenues, Net Income, Adjusted EBITDA, and EPS. We’re entering 2025 with strong momentum as we remain focused on delivering another year of profitable growth."
Full press release:
https://investors.robinhood.com/static-files/7aaec8f2-484e-4160-b0e9-c3016aa4b482
Luffy
11 Likes
I thought it was interesting that crypto drove so much of their revenue:
Transaction-based revenues increased over 200% year-over-year to $672 million, primarily driven by cryptocurrencies revenue of $358 million, up over 700%, options revenue of $222 million, up
83%, and equities revenue of $61 million, up 144%.
• Retirement AUC increased over 600% year-over-year to $13.1 billion.
• Cash Sweep increased 59% year-over-year to $26.1 billion.
• Margin Book increased 126% year-over-year to $7.9 billion.
• Equity Notional Trading Volumes increased 154% year-over-year to $423 billion.
• Options Contracts Traded increased 61% year-over-year to 477 million.
• Crypto Notional Trading Volumes increased over 400% year-over-year to $71.0 billion.
• Gold Subscribers: 2.6M – up 86% YoY
A few months back I switched most of my assets from Fidelity to HOOD to get the one time 3% bonus by becoming a Gold Member (they do special offers from time to time for the 3%). The convenience of the 24-hour market is great! I also like the 3% IRA match they have going, and the new Robinhood Legend trading platform is impressive, although I don’t consider myself a trader. The numbers don’t lie above. Wow!
Long HOOD, 4% position
18 Likes
Ugh In December I sold at $38/share after a quick double in 4 weeks and felt HOOD had plateaued. I did not see the subscribership continue at such a rate. And I thought the crypto was peaking so I took my profits. Oh well, still holding my SOFI and NU after solid gains.
-zane
6 Likes